Digital49ers
 
vires in numeris
Bitcoin is an experimental digital currency that allows instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority. Money transfers and the minting of new coins are carried out collectively by the network. The open source software that enables Bitcoin is released under the MIT license. Click here for a concise explanation of how it works or here for a detailed technical description.
Keep Calm and Slave On
Pakistan wants to legalize digital currency
04 Dec 2020 21:37

A state assembly in Pakistan has passed a resolution regarding digital currency and digital currency mining that paves the way for the Pakistani government to legalize digital currencies. At the moment, owning digital currency in Pakistan is illegal; earlier this year, the Pakistani government arrested two individuals because they were mining digital currency. “Bitcoin and [...]

China’s $3 million DC/EP lottery
04 Dec 2020 19:20

The city of Suzhou in China will be distributing 20 million yuan (about $3 million) of DC/EP–the Chinese central bank digital currency–in an upcoming lottery event. The DC/EP will be given out to up to 100,000 Suzhou residents in the form of “red packets.” Each red packet will be worth 200 Yuan ($30) and can [...]

2020 darknet markets report
04 Dec 2020 16:17

Chainalysis has released its 2020 report on the darknet markets. The blockchain analytics firm has discovered that in 2020, the total revenue of the darknet markets significantly increased while the total number of transactions and marketplaces decreased. In 2020–and remember we still have one month left in the year–there were only 37 active darknet markets, [...]

SHA256 and all that: The legend of Bitcoin
04 Dec 2020 12:00

Today, we have this amazing new money called Bitcoin—and if you really want to understand it, just look at the word: it’s “bit” joined to “coin.” [...]

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Bitcoin’s Rise Causes Shortage of Mining Rigs, Most Units Sold Out, Miners Concerned About Supply
05 Dec 2020 03:30

While the bitcoin economy has swelled in value, the overall network hashrate has gradually climbed ...

Volatile Bitcoin Not a True Store of Value Just Yet, Says Fidelity Digital Assets Head
05 Dec 2020 01:15

Fidelity Digital Assets president Tom Jessop ...

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"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible. With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless."
Satoshi Nakamoto